According to a CBS News report, Oracle's involvement reflects its long-standing interest in data-driven platforms and cloud infrastructure, areas critical to TikTok's operations.
The GSA reportedly stated that the deal with Oracle is the first of its kind, offering a discounted package on cloud infrastructure for the entire government.
CFO Safra Katz said the Stargate AI venture isn’t formed yet but “some of our business with OpenAI, which is one of our partners in Stargate, is part of our future very much so.”
The analyst expects infrastructure-as-a-service to be in the spotlight again but forecasts a slight disappointment relative to the consensus expectation of $3.1 billion.
According to a Reuters report, Qwant has argued that Microsoft’s control over search delivery is distorting competition and harming alternative engines.
